Day Trading Blog - This Stock Blog gives insight on daily stock market trading as well as stock trading analysis. We also list stocks to buy, top stocks, stock picks, and the best stocks to invest in 2020. If you are looking for a stock blog about hot stocks that are rising, you came to the right place. Right now my top stocks for 2020 are TNA, GBTC, PZZA, UDOW and SPXL. Visit http://blackberrystocks.com/topstocks2020.html

The Dow Jones continues to bounce every time it gets near the 10 day moving average. I have been buying pullbacks to this level until we actually close below it, then I would actually want to go short. Resistance is located at 9246 & 9284 and then nothing major until 9500. A lot of people are saying that September and October will be rough so we might start seeing some selling pressure by the end of August. For More Technical Analysis - Go Here

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 3 , 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Inovio Biomedical Corporation (INO) - INO was probably the best stock for daytrading on Friday. After holding bottoming at $1.50 on Thursday, INO exploded out of the gate on Friday peaking just after 1pm. I was buying all the pullbacks under $2 and selling quickly into the $2.10's. The fact that INO held $2 going into the close is very positive and sets up nicely for Monday. I would think INO will retest the $2.48-$2.50 resistance area on 8/3/09. If the stock can break through $2.50, it will catch fire and bring back all the momentum traders once again ( like me ).

Anadys Pharmaceuticals Inc. (ANDS) - ANDS was another stock I traded in the morning Friday. Anadys gets FDA nod on hepatitis C drug study, shares up. ANDS held the morning low of $2.70 and then shot into the $3's where I sold. I was thinking about buying it back but after the stock went back under $3, the warning flag was raised and I stayed away. The close was absolutely horrific! Nevertheless, I will be back in ANDS when it gets above $3 again for a trade. It closed up in afterhours so keep an eye on Anady's for Monday.

VirnetX Holding Corp (VHC) - VHC was halted for a few hours Friday but then reopened. VirnetX Receives Markman Order in Patent Infringement Action Against Microsoft. I will still be watching VHC stock Monday but the final hour was a disaster technically. Straight Down!

Hemispherx Biopharma, Inc. (HEB) - Still waiting on an FDA approval decision for CFS drug Ampligen - Technically, HEB is really starting to break down, closing below the 50 day moving average for the third straight day. If $2 doesn't hold, things could get rocky. If the FDA does approve Ampligen, you could see a Human Genome Sciences Inc. (HGSI) like move!

Cell Therapeutics, Inc. (CTIC) - Waiting for CTIC to break back up above $1.50 and then add to my position when it closes above $1.50. Then I expect atleast $1.60-$1.70 days later.

Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS continues to trade over the 10 day moving average which is currently $52.22. I expect a retest of the 10 day any week now but this moving average will be moving up each day. I am looking to buy FAZ if FAS breaks through $55.71 which was Friday's low. Resistance levels for FAS will be $60, $62.56, and then $66.26 which was the May high.

Citigroup Inc (C:NYSE) - Citigroup held $3 for the most part on Friday. I had my stop way to tight but there were several opportunities to get back in. Where is Citigroup headed next? I think if Citigroup can close over $3.21 it will make a run back into the $3.50's-$3.60's. expect more index buying to occur in the first week of August.

Bank of America Corp ( BAC ) - Bank of America Corporation was on fire Friday. Back in Mid July BAC stock made 5 straight lower closes and then the trend changed July 22nd when Bank of America closed at 12.23 which was higher then then previous close. Pullbacks to $13 and into the high $12's are now a strong buy. Look for BAC to break out further if it can close over the 2009 high which was made in May at $15.06.

American Intl Group, Inc. (AIG) - I am watching AIG for a break about $13.45 resistance level for another retest of $13.80-$14. If AIG can break above $14, its off to the races again. Support is located at $12.86-$12.87 but I won't be buying below $13, to risky!

The following is a list of Top Penny Stock Gainers ytd as of August 3, 2009. These are penny stocks located on the NYSE, Nasdaq, and AMEX. This list does not include OTC or Pink Sheets stocks. Click Here for the previous penny stock report

Below is the list of the Top Stock Gainers so far in 2009. As a filter, only stocks with at least 50,000 in volume and over $2 per share price are included. Topping the list in August is Vanda Pharmaceuticals, Inc. (VNDA).

The Dow Jones Industrial Average closed at 9172 on 7/31/09, as the stock market was choppy but remained mostly flat on the day. The Dow Jones Futures started the day lower after the GDP number ( -1.0 ) was released but bounced right after the open. Oil prices were down in the morning but broke out to the upside during the afternoon. Oil is actually playing catch-up from the latest stock market surge and could be getting ready to break out again! Next Friday we will receive the latest jobs report which will be a stock market mover! We will also receive a ton of energy earnings reports as well. Check out some of the events I will be watching for Monday.

I will also have technical analysis of the stock market tonight - Right Here